InvestorsHub Logo
Followers 0
Posts 250
Boards Moderated 0
Alias Born 04/19/2018

Re: None

Monday, 09/24/2018 2:07:52 PM

Monday, September 24, 2018 2:07:52 PM

Post# of 3684
I watched CNCG for years as I traded it with great results when trading it was warranted. Holding it now while posting "fluff" company info is certainly not warranted.

I bucked the trend of the misguided perma-bulls (BUY! BUY! BUY!...HOLD! HOLD! HOLD!) on CNCG by trading this over and over several times on various price spikes following meaningful press releases. I also battled several characters of questionable mental and financial pedigree on the Raging Bull board when they thought I had lost my mind for selling.

Well, most of these posters are gone now. So are their minds and their money. They thought they were so smart while openly expressing their contempt for we seasoned traders who drew upon years of experience and a knowledge of when to take profits on penny stocks, that is, if one chooses to trade them at all. Here, extra caution and common sense are especially needed, not cheerleading.

You gentlemen and ladies of CNCG made a great tactical error by throwing capital at ANY stock you've blindly fallen in love with. Also, and in an overall sense, the weaknesses of your trading and investing methodologies were exposed. By expecting your hopes and dreams to replace the heavy lifting of what it takes to be an educated, fully-trained, diversified, market-savvy and yet flexible trader, you were all setting yourself up for the colossal fall that has come upon you.











Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MGLD News